United Arab Emirates: We are pleased to announce that Arcapita and DgPays, a leading financial infrastructure technology provider in EMEA, have reached an agreement with Mashreq to acquire a majority stake in NEOPAY.
This strategic partnership marks a significant milestone for NEOPAY, a fast-growing digital payments leader in the UAE. With Mashreq retaining a key minority stake, NEOPAY is poised for continued success as it scales its operations, expands into new markets, and enhances its service offerings across the Middle East. The transaction is subject to the required regulatory approvals and consents.
Further announcements will be made in due course.